H.R. 7209

Price Stability Act of 2022

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I

117th CONGRESS

2d Session

H. R. 7209

IN THE HOUSE OF REPRESENTATIVES

March 24, 2022

Mr. Hill (for himself and Mr. Donalds) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Reserve Act to remove the mandate on the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to focus on maximum employment.

1.

Short title

This Act may be cited as the Price Stability Act of 2022.

2.

Removal of dual mandate

Section 2A of the Federal Reserve Act (12 U.S.C. 225a) is amended by striking maximum employment, stable prices, and inserting stable prices.